meta_id 3341894

On July 21, 2026, the European Union Anti-Money Laundering Authority (AMLA) published standards governing its cooperation with national financial supervisors to select and directly supervise significant cross-border financial institutions across the EU. The standards establish procedures for entity selection, supervision transfer between national and EU levels, and collaborative oversight mechanisms between AMLA and national supervisors. From 2028, AMLA will assume direct supervision of the most impactful cross-border financial institutions at the group level, a responsibility previously held exclusively by national supervisors. The standards ensure consistent and uninterrupted supervision during this transition. They establish a clear, step-by-step process for identifying firms subject to AMLA supervision: national supervisors gather and quality-check data, AMLA conducts risk assessments and makes final selections, with results published on its website. The standards include provisions for seamless supervision transfers, requiring the transferring authority to provide the receiving authority with the firm's complete supervisory history, preventing disruptions during transitions. The standards incorporate proportionality principles developed in close cooperation with national supervisors. Entities receive requests for detailed data only after being identified as eligible for AMLA supervision. Where supervisors can establish that a firm does not qualify, it is exempted from reporting requirements altogether. The draft implementing technical standards will be submitted to the European Commission for adoption before being published in the Official Journal of the European Union. Following adoption by the European Commission, the standards will govern the data collection and selection process, leading to the commencement of AMLA's direct supervision in 2028.